St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-04
The COMMERCIAL RECORD.
The Visible Supply Statement Gave a
Black Eye to Wheat on the
Chicago Board.
st. Louis For the First Time Got a
Place in the Decrease
Column.
Transactions in the Financial Circle OF
Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO Oct 3.-The wheat market was
dull and featureless after the first excitement
attending upon the opening trading was
over. The initial quotations were 1s0A
under Saturdays closing. Cables were I'M
Interesting. They were not explicitly bear
ish, and they certainly were not bullish
Correspondents wired that New York eX-
porters were buying considerable wheat, all
the leading houses picking up good deal OF
property. Nightengale alone, of the ex-
porters, was a seller. 1t became apparent
before the session was far advanced that the
statsticians who had been forecasting de-
crease in the visible supply, were away Off
in their guesses. The official figures
make Fan increase Of $4,000 bu
The buoyancy that characterized the market
several days last week has all departed, and
the prevailing opinion on the floor is that
values will settle. When market does not
bull spectators figure that it is liable to do
the other thing, decline. Trading was light
all day, and there was no spirit or snap TO the
deal. Oats were quiet and practically I'M
changed. Provisions were in a state of tran
guilty Ribs and pork opened shade lower,
but recovered and remained steady. Lard
was the strongest article on the list, but the
Improvement was so light as to
HARDLY DESERVE MENTION.
The market remained passive for fifteen or
twenty minutes after the official announce
ment of the visible supply, and then it
hoove down. November was inactive. but
December broke TO zoe and May to 7Sc.
The market had no support from any quar-
ter. The l o'clock range was at the bottom.
Corn remained steady with the average of
prices above the level of Saturdays close
during the greatest part of the session. but
just before the close it Softened in sympathy
with wheat, but closed about the same as
Saturday. At the afternoon board there was
fair activity in wheat and corn, and wheat
closed shade lower than at p. IN. 2:3O p.
m prices-Wheai-Oct 69$4c bid; No
yember, 71ssc: December, 727sc; May, 7SAc.
Corn-42ss@42 October; November and
December, 4214c: May, 45ss@45l2c. Oats
October, 26c; November, 26Ac; May, 29Isc
Pork-S12 year; S12.35@12.37la January.
Lard-S6. As October; S6.40 November and
December; S6.45 January; S6.75 May. Short
Ribs-S7.65 October; S6.27l206. 80 January.
THE ROUTINE REPORT.
CHICAGO Oct 3.-The black eye given to
wheat by the visible supply statement was
the leading feature on change to-day; When
the figures were announced at noon, showing
an increase of S54, 900 bushels in wheat for
the week, there was an immediate effect on
the market Enough of the statement was
known all morning so that an increase was
no surprise TO the trade. The surprise was
in the amount of increase. Prices had al
ready declined and slightly reacted. Then,
too, the posted statement showed that the III
crease was confined principally to Minneap-
Oils and the canal and lakes. Nearly all the
winter wheat points showed decrease, and
ST. Louis for the first time this season was in
the decrease column. There was
nothing apparent in the general stu
alton TO prove serious bar TO better
prices in the near future, the S34, COO
bushels looked large and another half cent
decline was at once added to the decline of
the morning, and December wheat soon
touched 73c, 1c under the close on Saturday
and sc below the opening figures.
The decline for all options was nearly uni
form, being about 1@l1lsc, and the close be-
ing at inside prices December opened at
1859, decline of Isc from Saturdays latest
figures, sold at 1919, reacted to 73s4c, de-
clined TO 73l2c, and then suddenly to 73c,
closing finally at 727sc. May opened to 79c,
and declined with slight fluctuations to
7SAc.
Corn was entirely in the hands of the local
crowd and the market was largely dictated
by local operator who was both a buyer
and seller at times, but the tendency was
downward and the closing prices were a
decrease of 174.O00 bushels in the visible
supply had no effect: The ex-
tensive charters $4,000 bushels, were
not sufficiently public to affect the
there was better business before the Close
November opened at 42l2c, sold down to
42l4c, up to 1850, and closed at 1880. In
oats there was falling off in the speculative
business compared with the close of last
week, but in the cash oats by sample there
was about the customary trade. IU the spec
ulatiye market the fluctuations were SO very
small that no material change from Satur-
~ all sfrNfrT nrnd h
oats were very steady. Provisions were I'M
settled, but a fair business was transacted at
an irregular range of prices. Receipts of
hogs were liberal and prices easier. The re-
port Of stocks on hand Sept. 80 made a
smaller showing than was generally expected,
and exhibited decrease during the month
of % 900 bbls mess pork, 1880 tierces con-
tract lard, and 10, 226, 900 lbs short ribs, The
small stocks of lard made shorts nervous and
they covered rapidly, making trade in that
article quite lively and advancing prices 2Ia
@7l2c, the near futures recording the great
est gain. Short ribs were unsettled, closing
Toe lower. Mess pork was weaker. January
declining 5@7l2c, closing at S12.33@12.3712.
THE QUOTATIONS..
Wheat-No. October, 707sc, closing at
69s4c; November, 12Ssc, closing at 71Ssc:
closing at 7SAc. Corn-No. 2 October. 42l2c,
42s8c; November, 42I2c, closing at 1880
December, 42lsc, closing at 4214c; May,
45l2c, closing at 45sse,, oats-November
-OAc clOs1nS III -Oi4Cs May. lSsSC. CLOSING
at 297sc. Mess Pork. per bbl-Year, So;
January. S12.4O, closing at S12.35. Lard
per 100 lbs-October, S6.45, closing at Sc As
November, S6.4O, closing at &c. 40; Deem
ber S6.4O, closing at S6.4O; January. Sc. 45
closing at S6.45. Short ribs, per 100 lbs
October, S7.75, closing at S765
Cash quotations were as follows Flour
quiet and unchanged. Wheat-No. spring
6934@l70c; No. 3 spring, Csc; No. 2 red
724c. Corn-No. 2, 42ssc. Oats-No. 2
26c. Rye-No. 2, 4Sc. Barley-No. 2, Csc
Flox seed-No. 1, $1.O512; prime timothy
seed, 50. 24@2. %. Mess pork per Dbl, $3.50
lard. per 100 lbs, $3.50; short rib sides
loose), S7.65; dry sailed shoulders (boxed)
S.. 20@l5. 25; short clear sides (boxed). 81 90
as. Whisky-Distillers' finished goods pei
gallon, S11O. Sugar-Cut loaf, 59s@6s4c
graduated, 6ssc asked: Standard "a Sc
asked. Receipts-Flour, $4,000 bbls; wheat
$1,000 blu; corn, 1875, 900 bu: oats, 1874 .OO(
bu; rye, 5000 bu; barley, 10000 Blu. Ship
ments-Flour. 1900 bbls; wheat 2OO, O0(
Blu; corn, 53S, 900 bu; oats. 357, 900 bu; bar
ley, 1900 bu. On the produce exchange
to-day the butter market was firm; creamery
17@24c; dairy, 15A@19c. Eggs firm a
17A@1Sc.
r. M. NEWPORT & SON,